Engro Polymer Chemical Limited (EPCL): Poor margins result in losses for the company – By JS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Engro Polymer Chemical Limited (EPCL) held its corporate briefing yesterday to discuss 2QCY24 results and outlook. The company reported loss after tax of Rs688mn (LPS Rs0.76) for 2QCY24 at the consolidated level, compared to a profit of Rs1.6bn (EPS: Rs1.72) in the same quarter of last year. Cumulatively for the first half, loss clocked in at Rs1.6bn (LPS: Rs1.75), versus 1HCY23 EPS of Rs3.02. We present key takeaways from the briefing session.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Earnings came in lower for 1HCY24 as Poly Vinyl Chloride (PVC) pricing had to stay competitive due to subdued domestic demand owing to a slowdown in construction activity, political uncertainty, unfavorable b...